I have just started reading and studying up on seller financing and I was wounder does this really work as smooth as they say it does and can someone explain the basic process of it to me.

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Hi there! Seller financing is awesome! It can be beneficial for the sellers (in the sense that they can sell faster without dropping the price) and beneficial for buyers since they don't have to qualify for or obtain a conventional loan. I wrote about seller financing in one of my articles recently:

http://www.moneyunder30.com/seller-carry-back

Please email me if you have any other questions as well: sarah@realtorsd.com

Great article! You got straight to the point and told me exactly what I wanted to know. I recommend anybody else who doesn't know about seller finance to check it out.

http://www.moneyunder30.com/seller-carry-back

Thanks so much! Very kind of you! :)

Very nice article. I've purchased most of my investment properties using seller finance. In my area, it seems most tired landlords owning the property "free and clear" are more acceptable to this concept. It eliminates property management, provides a monthly income, and I think they can prolong or spread out the capital gains tax. An example of one of my properties that I purchased using seller finance can be found at:

http://www.beginreal-estateinvesting.com/Seller-Finance.html

owning it free and clear is always better for seller financing. Very true!

This is my experience as well...that is, landlords who own free and clear are more likely to be agreeable to seller financing (mainly because they don't have to worry about any mortgage due-on-sale clauses that a C/D may trigger), and a side benefit is that the seller gets steady monthly income that is nice and spread out (attractive for tax reasons). Good post!